Breaking Short Interest: Could Alaska Air Group Incorporated (NYSE:ALK) Go Up After Its Newest Short Interest Report?

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Breaking Short Interest: Could Alaska Air Group Incorporated (NYSE:ALK) Go Up After Its Newest Short Interest Report?

The stock of Alaska Air Group Incorporated (NYSE:ALK) registered an increase of 3.26% in short interest. ALK’s total short interest was 8.98 million shares in November as published by FINRA. Its up 3.26% from 8.70 million shares, reported previously. With 1.07 million shares average volume, it will take short sellers 8 days to cover their ALK’s short positions. The short interest to Alaska Air Group Incorporated’s float is 7.32%. The stock increased 1.75% or $1.43 on November 23, hitting $82.96. About 1.58M shares traded hands or 42.34% up from the average. Alaska Air Group, Inc. (NYSE:ALK) has risen 8.01% since April 22, 2016 and is uptrending. It has outperformed by 2.60% the S&P500.

Alaska Air Group, Inc. is the holding firm of Alaska Airlines and Horizon Air (Horizon). The company has a market cap of $10.58 billion. The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. It has a 11.62 P/E ratio. The Company’s Alaska Mainline segment operates the Boeing 737 part of Alaska’s business.

Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio improved, as 67 funds sold all Alaska Air Group, Inc. shares owned while 157 reduced positions. 88 funds bought stakes while 141 increased positions. They now own 106.92 million shares or 7.17% less from 115.17 million shares in 2016Q1.
The Pennsylvania-based Pnc Fincl Service Grp has invested 0.02% in Alaska Air Group, Inc. (NYSE:ALK). Gotham Asset Mgmt Lc has invested 0.42% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Mutual Of America Ltd Limited Liability Company last reported 95,003 shares in the company. The Kentucky-based Renaissance Group Inc Ltd Co has invested 0.97% in Alaska Air Group, Inc. (NYSE:ALK). Hutchin Hill Lp accumulated 0.03% or 15,700 shares. Manchester Cap Mgmt Limited holds 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 565 shares. Vsr Fincl Svcs holds 0.31% or 32,690 shares in its portfolio. Lsv Asset Mgmt last reported 0.15% of its portfolio in the stock. Eqis Capital Inc has 15,895 shares for 0.06% of their US portfolio. Credit Suisse Ag last reported 0.02% of its portfolio in the stock. Group One Trading Lp last reported 0.01% of its portfolio in the stock. Tocqueville Asset Limited Partnership accumulated 9,920 shares or 0.01% of the stock. Bluemountain Management Ltd Company, a New York-based fund reported 31,678 shares. Moreover, Boussard And Gavaudan Management Ltd Liability Partnership has 0.06% invested in Alaska Air Group, Inc. (NYSE:ALK) for 3,720 shares. Tanaka Capital Management has 3.15% invested in the company for 21,035 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 11 insider sales for $2.65 million net activity. Shares for $90,528 were sold by MADSEN DENNIS F. $133,436 worth of Alaska Air Group, Inc. (NYSE:ALK) shares were sold by TILDEN BRADLEY D. ELIASEN MARK G also sold $187,460 worth of Alaska Air Group, Inc. (NYSE:ALK) shares. SPRAGUE JOSEPH A also sold $499,950 worth of Alaska Air Group, Inc. (NYSE:ALK) on Thursday, October 20. 2,000 shares with value of $134,736 were sold by YOUNG TAMARA S on Thursday, September 1. The insider PEDERSEN BRANDON sold 2,090 shares worth $155,580.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Out of 12 analysts covering Alaska Air Group (NYSE:ALK), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. Alaska Air Group has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Cowen & Co given on Tuesday, August 18. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Neutral” rating by Credit Suisse on Friday, January 22. The firm has “Hold” rating given on Tuesday, December 22 by Stifel Nicolaus. The stock has “Neutral” rating given by Credit Suisse on Thursday, January 7. As per Thursday, February 4, the company rating was maintained by JP Morgan. As per Thursday, October 13, the company rating was upgraded by Buckingham Research. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Outperform” rating given on Tuesday, June 14 by Raymond James. As per Tuesday, April 5, the company rating was upgraded by Bank of America. As per Tuesday, October 13, the company rating was downgraded by Evercore. Raymond James maintained the stock with “Buy” rating in Tuesday, September 1 report.

ALK Company Profile

Alaska Air Group, Inc., incorporated on March 15, 1985, is the holding firm of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon, SkyWest Airlines, Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity. The Firm serves approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada, Mexico and Costa Rica. The Alaska Airlines Mileage Plan program provides a suite of frequent flier benefits.

Another recent and important Alaska Air Group, Inc. (NYSE:ALK) news was published by Bloomberg.com which published an article titled: “Alaska Air Said Nearing Settlement With U.S. on Virgin Deal” on November 18, 2016.

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By Pete Kolinski


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